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Disney CEO Bob Iger Confirms Beginning of 7,000 Layoffs This Week, with Three Rounds of Cuts Expected Before Summer

Disney CEO Bob Iger has confirmed that the company will begin its first of three rounds of layoffs this week. The media conglomerate is looking to reduce its workforce by approximately 7,000 employees, Deadline is reporting. The executive sent a memo to Disney’s employees today, in which he confirmed that the company is moving forward…

Bob Iger Returns as Disney CEO, Replacing Bob Chapek

The Mouseketeers are marching to a new drummer—actually an old one—with the return of Bob Iger as helm of the entertainment giant. The Walt Disney Company announced that Iger would be replacing Bob Chapek immediately. Chapek had replaced Iger as CEO of the company a scant two years ago. In a statement issued on Sunday…